UPDATE ON CLOVE NEW HARVEST SEASON
November 2, 2025:- Mutsamudu, Union Des Comores:- I am sure, no one need any introduction. Let us speak straight about this new season quantity possibilities and feasibilities of price discoveries ! I repeat, only exploring possibilities and feasibilities ! Nothing firm, nothing guaranteed.
INDONESIA is coming with a short crop of size 80,000 Mt roughly – it might range between 75000 to 90000 to the maximum. A poor crop resulting in shortage of crop. However, this shortage is not expected to make any serious impact on clove market ! Because, the largest consumers of clove in the world, - the cigarette manufacturers of Indonesia - are not seriously buying with the same aggressiveness as they did in previous years. Many of them said to have inventory either in Indonesia itself or in Singapore. Thereby there wont by much higher demand from Indonesia. Saudi Arabia is the main buyer of Indonesian Clove now. India is stepping back, as India attracts 5% import duty on Indo Clove. Dubai also behind the door, as Dubai have huge inventory from Brazil, Tanzania and Comores already with them.
Currently export price from Indonesia is at USD 7700 [in the range of between 7600 to 7800]. Nonconfirmed reports say, some one offer 7400 FOB – but not sure. Please take note, low price from Indonesia all resulted in default in last 2-3 years. Therefore, from my experience, try to buy at average price level only from Indonesia; do not go for the lower price level.
AFRICA ORIGINS - Comores is at the last leg of harvest. Harvest almost finishing. November would be good arrival from Village. But December and January 2026 would be thin arrivals. Comore price is ruling high than what was expected ! If some one get USD 7 per kg on CNf basis from Comore, it is the best good price you can buy. Lower price could be available, but compromising on clean cargo, and might be mixed cargo from Moheli. While buying from Comores, always strict to Anjouan Clove only for good stock.
MADAGASCAR – the much awaited Clove for the world ! Madagascar is coming with a historic crop size of 23000 ++ Mt. Reports from farm says, it could go upto 25000 as well. However, and unfortunatley, contrary to previous years, Madagascar is now following Indonesia for price! Now every village corner has internet, and even the uneducated farmers are also now looking at internet and studying international market !! This year – both south and north crop started at higher levels ! much high levels than previous years ! Last year, south had started at 13000—14000 ariary a kg and jumped to 18000-19000 level in one month time. Whereas , this season, it opened at 19000 only ! and moved to 20500-21000 in one week time !! North crop in Mananara province opened at 24000 [where as last year it opened at 20,000]. EXPORT PRICE FROM MADAGASCAR - South clove possible to get at USD 6.7—6.8 level. If somebody offers USD 6.5 or even less, be careful. Can result in default !! Every year, Madagascar has the story of some people giving much lower price and taking advance from international buyers, and making default !! This is a regular phenomenon in Madagascar. Some people are only for that. Take care. Good quality North crop would fetch a price of USD 7,4 average. Check with your shipper for exact market driven price. This year, Madagascar Govt released export permits well early in October ! So that shipment can start in November.
Zanzibar and Tanzania : Zanzibar state is selling at USD 7200 on an average. They had also given to 7100. As it is only the State Govt exporting, it is a monopoly. Those who have preference of Zanzibar clove would continue buying that origin only irrespective of price !! Tanzania is a free market, but at present because of the military operations and internal struggle, cannot depend.
Thereby, all importers now would concentrate on Madagascar only – as Mada is the only available crop at reasonable price. For any individual interest, please contact me in person.
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